Monero is up 30% over the past week; what are the major factors behind its upsurge?

Monero (XMR), the biggest privacy-focused cryptocurrency by valuation, increased from $44 to $58 in the past seven days by a staggering 30 percent. Behind its abrupt increase in price are an all-time high hashrate, Coinbase CEO Brian Armstrong’s optimism towards anonymous cryptocurrencies, and Monero’s strong technology that allows for real anonymity. Fundamentals are strengthening for […]

To read the rest of this article, join CryptoSlate Edge. Already have an account? Sign In.

Join CryptoSlate Edge for in-depth market analysis and original crypto insights

Sign up for CryptoSlate Edge for thoughtful market analysis, exclusive takes and compelling crypto insights at a price that everyone can afford. These articles will not be published anywhere else. You can cancel at any time.

In-depth market analysis

We curate what the thought leaders are saying about the crypto market.

Original industry insights

Gain an analytical edge from our world-class team of researchers.

No more advertisements

We hide all advertisements from CryptoSlate Edge subscribers.

Support balanced journalism

We are guided by a strict editorial policy that emphasizes objectivity.

Join CryptoSlate Edge |$9.99/month
or pay annually and save 20%

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.